Future Value of an Annuity for Various Compounding Periods:

Find the future values of the following ordinary annuities.

a.)FV of $400 each 6 months for 7 years at a nominal rate of 8%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

b.)FV of $200 each 3 months for 7 years at a nominal rate of 8%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.